A fintech company transitioning to a fully licensed digital bank through the acquisition of Bank Zero.
South Africa’s Lesaka hits first profit since 2022 despite merchant slowdown
Lesaka Technologies reported a net profit of R61 million in Q2 2026, a significant improvement from a loss of R589 million a year earlier. Revenue from Lesaka's merchant unit fell by 13% year-on-year to R2.26 billion, despite an 8% growth in the merchant base.
The Africa Tech Ecosystem in November 2025: Record Exits, Cautionary Tales
Optasia, a global leader in AI-powered fintech, went public on the Johannesburg Stock Exchange (JSE) in November 2025. Cell C, a South African mobile operator, also completed its IPO on the JSE, marking two IPOs in one month.
Kazang Partners with SA Digital Bank to Boost Accessible Financing to Licensed Taverns
Kazang partners with TymeBank to provide working capital advances to taverns. Merchants can access fast funding with no paperwork or hidden fees.
Street Wallet joins South Africa’s fintech consolidation wave with Digitip acquisiton
Street Wallet has acquired Digitip, a startup enabling digital tipping for informal workers. The acquisition strengthens Street Wallet's presence in KwaZulu-Natal and Cape Town.
South African Fintech Lesaka Acquires Bank Zero for $61.4M
Lesaka Technologies agrees to acquire Bank Zero for ZAR 1.091 billion ($61.4 million). The acquisition will be funded through ~12% of Lesaka's fully diluted shares and up to ZAR 91 million ($5.1 million) in cash.
